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Generally, I'm not a big fan of such definitive statements. You don't know that "Huge changes are coming" one way or the other. Just go to page one of this thread and read the first post, or any of the first 20 posts. It is the exact same 'bubble is obvious' comments. By no means am I a bubble...

My gut feel (not quantitative) is that real estate prices will continue to stay high in Canada when compared against reasonable metrics (income to debt ratios, income to house price ratios, interest rates). A big factor that I haven't seen discussed here is the culture of inbound immigrants...